11159 County Road 653
About This Property
AGENT ONLY REMARKS: The reason this home is at such an incredible price is the well and septic are all original and even though nothing tested out bad it is older and seller plans on not doing anything with them so please see attached report as there will be no adjustments for them after accepted offer. So we started below 300,000 as we knew the buyer may want to do some updates to those in the future. Also attached is a paid invoice from the plumber who drilled out the line from house to tank. Also upstairs toilet was replaced as the upstairs has not been used on the regular basis in about 20 years.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2025 | Sold | ||
| Sold | |||
| Mar 14, 2025 | Listed by Berkshire Hathaway HomeServices MI | $299,900 | |
| Listed by Berkshire Hathaway HomeServices MI | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017